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Jan 14, 2013
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speak what defensive the cost of gone down. the last three years the flattening of cost for the first time in a generation and we know there are substantial innovations and incentives built in to obamacare that hopefully over time will work and continue to flatten the cost curve. that is the intent of obamacare. it is not fair to criticize it. melissa: the ceo said the countries largest health insurance, country's third largest health insurer, he broke it when he said we would see some insurance premiums go up by 100%. it is not in his interest to say this out loud. are you startled by this path? >> not at all. national health care costs have slowed their growth. when you cover as many people as we are going tocome everybody who has insurance buys a third more than they did before. we will see cost go up. if you do the actuary math, you have to charge people lot of money who made this go. that will be a big sticker shock. and those premium increases stick? we will see, but they will raise rates. melissa: i'm so sorry we're out
speak what defensive the cost of gone down. the last three years the flattening of cost for the first time in a generation and we know there are substantial innovations and incentives built in to obamacare that hopefully over time will work and continue to flatten the cost curve. that is the intent of obamacare. it is not fair to criticize it. melissa: the ceo said the countries largest health insurance, country's third largest health insurer, he broke it when he said we would see some...
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Jan 14, 2013
01/13
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president doesn't seem to show the slightest interest in reducing spending other than in the area of defense and maybe means testing for entitlements. so, chances for meaningful reduction in the growth of entitlements on the part of the republicans is almost nil. >> well, i mean, what -- what could the republicans have done? the senate didn't approve their own plan until, what, midnight on new year's day and it -- they will say, the republicans will say they were up against the wall and didn't want the country to go over the fiscal cliff. should we have gone over the fiscal cliff, since that was the reality, if, in fact, they would have pushed for spending cuts? >> maria, i'm not about to second guess them. these are very smart people -- >> well, you are second guessing them. this is what this interview is about. >> i just like to state where i believe where we are and what's going to happen. >> okay, what do you think happens? >> so, i think that the -- as a result of the tax increases, we are going to collect substantially less revenues than we thought we would. and that is because the fed
president doesn't seem to show the slightest interest in reducing spending other than in the area of defense and maybe means testing for entitlements. so, chances for meaningful reduction in the growth of entitlements on the part of the republicans is almost nil. >> well, i mean, what -- what could the republicans have done? the senate didn't approve their own plan until, what, midnight on new year's day and it -- they will say, the republicans will say they were up against the wall and...
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Jan 14, 2013
01/13
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it is a sign to be defensive and taking that with look what's happening in europe. europe industrial production came out today. negative 4%. the worst since 2009. they are already in a recession. with that economic backdrop, what do we do? we did an anti-growth package with taxes. we raised taxes. not just for the rich, for everybody. and i don't think that bodes well for continuing growth, and that's why we're defensive. cheryl: one of the things you talk about here and i want to kind of pick apart this point if you don't mind is you're saying we should be looking at going for high yield and global bonds. fair enough. but if you've got a u.s. economy which is still the biggest economy in the world, if you've got a weak economy, unfortunately, i know you are saying good economy, but some are saying we are going to have a weak economy in 2013, if that's the case, do i want to be high yield? does that make sense to you? >> yeah, it does because high yield you get paid a lot of different ways. high income, risk adjusted return. last year up over 15%. almost as much as
it is a sign to be defensive and taking that with look what's happening in europe. europe industrial production came out today. negative 4%. the worst since 2009. they are already in a recession. with that economic backdrop, what do we do? we did an anti-growth package with taxes. we raised taxes. not just for the rich, for everybody. and i don't think that bodes well for continuing growth, and that's why we're defensive. cheryl: one of the things you talk about here and i want to kind of pick...
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Jan 14, 2013
01/13
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and terence took issue with pete rose's defense of roger clemens. >> well, two confessions, i personally have known pete rose for 35 years. he was my all time favorite player growing up as a youth. it pains me to say this but pete is wrong about this. roger clemens best friend at the time said roger clemens told him he used steroids. he backed out at the last minute when he was talking to the feds. the other thing pete said, numbers matter in baseball more so than any other sport. i mean, baseball's been around since 1869, have you these steroid users going against willie mays and hank aaron in history books is not fair to the guys of the past when you lump these knuckle heads in with them. >> this steroid era lasted awhile, could we see a repeat next year and the year after. >> two former atlanta braves heroes, they're going to right the ship, they will be first ballot hall of famers, no steroids there, this will become a moot point. >>> it's an unusual hunting contest even for florida. they're looking for pythons. john zarrella tells us why the state is holding a month long contest to
and terence took issue with pete rose's defense of roger clemens. >> well, two confessions, i personally have known pete rose for 35 years. he was my all time favorite player growing up as a youth. it pains me to say this but pete is wrong about this. roger clemens best friend at the time said roger clemens told him he used steroids. he backed out at the last minute when he was talking to the feds. the other thing pete said, numbers matter in baseball more so than any other sport. i mean,...
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Jan 14, 2013
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they tell me, you need to fund our defense department, at such and such a level. you need to send out social security checks. you need to make sure that you are paying to care for our veterans. they lay this out for me. because they have the spending power. so i am required by law to go ahead and pay these ibms. separately they also have to authorize the raising of the debt ceiling in order to make sure that those bills are paid. what congress can't do is tell me to spend "x" and then say but we're not going to give you the authority to go ahead and pay the bills. and i just want to repeat because i think sometimes the american people understandably aren't following all the debates here in washington. raising the debt ceiling does not authorize us to spend more. all it does is say that america will pay its bills. and we are not a deadbeat nation. and the consequences of us not paying our bills as i outlined in my opening statement, would be disastrous. so i understand the impulse to try to get around this in a simple way. but there's one way to get around this. th
they tell me, you need to fund our defense department, at such and such a level. you need to send out social security checks. you need to make sure that you are paying to care for our veterans. they lay this out for me. because they have the spending power. so i am required by law to go ahead and pay these ibms. separately they also have to authorize the raising of the debt ceiling in order to make sure that those bills are paid. what congress can't do is tell me to spend "x" and then...
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Jan 14, 2013
01/13
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they tell me you need to fund our defense department at such and such a level. you need to send out social security checks. you need to make sure that you are paying to care for our veterans. they lay all of this out for me, and because they have the spending power, and so i am required by law to go ahead and pay these bills. >> the president did sign all of that in appropriations into law. the white house also saying, the president also says he believes in his administration, they are about half way there in deficit reduction, and that modest changes to health care, entitlement spending could accompany the closing the tax loopholes. a marker on a future negotiation. house speaker bane says in response that the house does it job and passes responsible legislation that controls spending, meets our nation's obligations, and keeps the government running. we will insist that the democratic majority in washington do the same. republicans on thursday will have their annual conference retreat in williamsburg, virginia to discuss their debt ceiling strategy moving forwa
they tell me you need to fund our defense department at such and such a level. you need to send out social security checks. you need to make sure that you are paying to care for our veterans. they lay all of this out for me, and because they have the spending power, and so i am required by law to go ahead and pay these bills. >> the president did sign all of that in appropriations into law. the white house also saying, the president also says he believes in his administration, they are...
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Jan 14, 2013
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because they don't have a big defense. and you cannot let a rookie quarterback, 27 points in the fourth down the stretch in the game. >> how big would russell wilson be if he played for an east coast team? >> he's big anyway. nfl, you can play anywhere and still be big. it's a tremendous job by the seahawks to get back in this game. remember the first half they had all the fumbles, missed the field goal. >> help me out here. the falcons -- first of all, mike barnicle, we love pete carroll. >> called the time-out, can't call a time-out. he's annoyed that he had the practice kick. that's why he's yelling at the official. >> gives him a second chance, this time it goes straight through the middle. can you tell me, though, what in the world happened on the ensuing kickoff? >> stupid. >> what were the falcons doing? on-side kick? >> i guess they said that he didn't execute it properly. kicked the ball deep. he's not going to run it back for a touchdown. they give the ball up midfield with seven or eight, give him a couple plays
because they don't have a big defense. and you cannot let a rookie quarterback, 27 points in the fourth down the stretch in the game. >> how big would russell wilson be if he played for an east coast team? >> he's big anyway. nfl, you can play anywhere and still be big. it's a tremendous job by the seahawks to get back in this game. remember the first half they had all the fumbles, missed the field goal. >> help me out here. the falcons -- first of all, mike barnicle, we love...
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Jan 14, 2013
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>> and then i think new england's defense trying to stop the 49ers makes me think, i hate to say that with respect to bob craft but that was a great ending for seattle. wasn't it? because you got to see russell millsen and he did not -- he did everything that was ek expected of him except he left 30 -- they got in the end zone too quickly. they left 31 seconds -- >> yeah. i mean -- i went out to walk the dog, no, no, so i got the field goal and it was 33 and i was like, 30 seconds. >> game's over. >> and i just did a refresh on the blackberry, and they have the result. and i'm like -- different thankfully. it was unbelievable. >> the return on the kickoff he got to about the 40. it was like oh, my god. possible. and then you saw pete carroll call a time-out. >> i don't know what to do with that. >> are you a giant fan? >> no, i'm a -- my loyalty -- >> no my loyalty falls with the jets because -- >> my loyalty falls with the jets. >> when can we start talking about basketball? >> almost not too soon. >> he's already ready for march madness. >> two undefeated teams went down this past w
>> and then i think new england's defense trying to stop the 49ers makes me think, i hate to say that with respect to bob craft but that was a great ending for seattle. wasn't it? because you got to see russell millsen and he did not -- he did everything that was ek expected of him except he left 30 -- they got in the end zone too quickly. they left 31 seconds -- >> yeah. i mean -- i went out to walk the dog, no, no, so i got the field goal and it was 33 and i was like, 30 seconds....